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Juan Sotolongo & Jesse Spencer Of Compass Broker $2.61M Multifamily Sale In Wynwood Norte

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SOLD
$2,610,000

Florida

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MultiFamily5,574 SF
Sold 05/15/2024
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Property Image
SOLD

Juan Sotolongo & Jesse Spencer Of Compass Broker $2.61M Multifamily Sale In Wynwood Norte

268 Northwest 34th Street

See Similar Deals
MultiFamily5,574 SF
Sold 05/15/2024
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$468
Total Square Footage:5,574 SF
Transaction Type:Sale

The multifamily property located at 268 Northwest 34th Street in Wynwood Norte was sold for $2,610,000. This property comprises 10 units with a total area of 5,574 square feet, resulting in a price per unit of $261,000 and a price per square foot of $468.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,610,000
  • Units: 10
  • Price per Unit: $261,000
  • Square Footage: 5,574
  • Price per Square Foot: $468
  • Address: 268 Northwest 34th Street
  • Market: Wynwood Norte

The sale of this property was facilitated by Juan Sotolongo and Jesse Spencer from Compass, who represented the parties involved in the transaction.

Players

Jesse Spencer
15 deals$59.5M volume(305) 632-7195
BROKER

Juan C. Sotolongo
Compass
12 deals$50.3M volume(786) 227-1055
BROKER

Details

SOLD
IMAGE: Juan Sotolongo & Jesse Spencer DATE: 05/15/2024 ADDRESS: 268 Northwest 34th Street MARKET: Wynwood Norte ASSET TYPE: Multifamily BROKERS: Juan Sotolongo (@Juan.Sotolongo) & Jesse Spencer (@Jesse.D.Spencer) - Compass (@Compass) SALE PRICE: $2,610,000 UNITS: 10 ~ PPU: $261,000 SF: 5,574 ~ PPSF: $468

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$139,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,272.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,372.73
Annual Debt Service$148,472.78